Technical
Financial
Distress signals
Property profile

9960 Fairhope Ave Fairhope, AL 36532

OFF-MARKET
Automotive properties
Property ID
US03-3061009
2,350 SF 0.5 ac lot Built 2008
Individually Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 9960 Fairhope Ave, Fairhope, AL 36532, presents a unique investment opportunity. The 2,350 square foot building, classified as Class B, sits on two lots (PPIN: 202636 and 307992) and is situated on State Highway 181 and Fairhope Avenue/County Rd 48, ensuring high visibility and accessibility. Previously a car wash, the building offers versatile potential for repurposing into various commercial ventures, including restaurants, offices, or retail businesses. The existing layout includes two drive-thru lanes, ideal for businesses requiring this service. The asking price is $649,000, translating to $276.17 per square foot. The property is under a ground lease. Its strategic location next to a busy gas station guarantees high traffic volume. The existing car wash equipment can be removed to accommodate the new owner's specific needs. This property offers ample space for expansion or additional parking, making it an attractive investment in a thriving commercial area. The property is ready for immediate occupancy and offers significant potential for high returns.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2008
Total area 2,350 SF
Lot 0.5 ac (21,780 SF)
APN 46-05-15-0-000-003.588
UPID US03-3061009

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9960 Fairhope Ave Fairhope, AL 36532-4204
Fairhope metro Census 11104 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2023
Last sale
$390,000
7 recorded transactions
2023
Price N/A
2023
$390,000
2020
Price N/A
2011
$368,000
2011
Price N/A
2007
$1.0M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9960 Fairhope Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message